Aether Industries IPO: Specialty chemical maker Ather Industries today said it has fixed an issue price of Rs 610-642 per share for its initial public offering (IPO) of Rs 808 crore. The company announced that its IPO will open on May 24 and the share sale will continue till May 26. The bidding for anchor investors will open on May 23.
The company has reduced the issue size
Earlier the company was going to issue new equity shares of Rs 757 crore but now its size has been reduced to Rs 627 crore. In addition, there will be an offer for sale (OFS) of 28.2 lakh equity shares by the promoters.
The company expects to raise more than Rs 800 crore
The company said that it expects to raise Rs 808 crore through the IPO. He said that the proceeds from this would be used to meet the capital expenditure requirements, working capital and debt repayment.
Know the special things of Ather Industries IPO
Ather Industries has fixed a price band of Rs 610-642 per share.
Ather Industries wants to raise Rs 808 crore through this IPO.
This IPO of Ather Industries will open for subscription on 24th May and will close on 26th May.
Ather Industries has announced that anchor investors will be able to invest in it from May 23 itself.
Know about the company
Aether Industries is the only company to manufacture certain specialty chemicals. It manufactures certain chemicals like 4MEP, OTBN, delta-valerectone and bifenthrin alcohol.
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